AB-InBev shows interests to extend its Mysuru unit; to invest Rs 500 crore

Dr.Thomas (Special Correspondent)

A B-InBev Chairman and Chief Executive Officer John Crop met Chief Minister Basavaraj Bommai and showed interest to invest more in the state.

AB-InBev is an American-Belgian Multinational drink and brewing company based in Leuven, Belgium.

This company has set up a brewery unit in Mysore and wanted to extend its plan by investing another Rs 500 crore.

The state was appreciated for having the best excise policy and also a good industry-friendly atmosphere.The company intends to make more investments in Karnataka.

Responding to this,the CM promised all help from the state government.This company is one among the world’s Fortune 500 companies and has manufacturing units in 150 countries.

In India,its headquarters is located in Bengaluru. The Mysuru unit has around 2000 employees and nearly 79 per cent of working is through renewable sources of energy.

With the expansion of this brewery, the State treasury will get an additional revenue of Rs. 200-300 crore,besides creation of direct and indirect jobs.

Chief Minister’s Principal Secretary,N.Manjunath Prasad,Chief Minister’s Secretary,M.S.Srikar and Jairam,AB-InBev India and South East India Chairman,Karthikeya Sharma,Chief Legal and Corporate Affairs Officer,Craig Caterm, Vice-Chairman,Anasuya Ray,Regional Director, Vinod Babu and others were present.